Axalta Coating Systems and Shanghai Kinlita Chemical have signed an agreement to form a joint venture in China. Aimed at driving deep into China’s burgeoning commercial truck market, the agreement leverages Axalta’s position ...
Tags: Commercial Truck Market, economic development, Construction
MeadWestvaco Corporation has announced that its board of directors has approved a plan to fully separate its Specialty Chemicals business from the rest of the company. The separation is expected to be executed by means of a tax-free spinoff ...
Amedica Corp. has laid off 25 employees, representing approximately 28% of its workforce. The move was part of a “comprehensive business review” that also includes deep cuts to corporate overhead and operational costs. The ...
Posted in Medical Device Business by Chris Newmarker on January 12, 2015 The Irish High Court has agreed to hold a hearing January 26 to decide on the proposed $48 billion merger between Medtronic and Covidien, according to a Monday ...
Tags: Medical Device Business, U.S.tax, Health
The Department of Justice and the U.S. Environmental Protection Agency (EPA) today announced a proposed settlement with several companies to address the Pohatcong Valley Groundwater Contamination Superfund site in Warren County, New Jersey. ...
Axalta Coating Systems and Chinese industrial coating supplier Shanghai Kinlita Chemical have entered into an agreement to form a joint venture in China. The joint venture will leverage Axalta's expertise in advanced coating ...
Genesco Inc. announced that comparable sales, including both stores and direct sales, increased 10 percent for the quarter-to-date period ended Jan. 3, from the equivalent period last year. Same store sales increased 9 percent and sales ...
After its successful inaugural season in 2014, Keen unveiled its second year of the Keen Effect program to support non-profits globally. For 2015, the Keen Effect II will award 10 grants to non-profits around the world. The Keen Effect II ...
Tags: outdoor recreation, environmental stewards, Sporting Goods
Hit by online delivery woes in the peak Christmas season, Marks & Spencer (M&S) reported the 14th consecutive quarter of decline in the general merchandise division sales for the thirteen weeks to December 27, 2014. M&S posted a 5.8 per ...
Tags: food sales, womenswear, Apparel
Apparel marketer and NYSE listed, PVH Corp said it will close its Izod retail division, with the closing expected to be completed by the end of fiscal 2015. “However, the closure of the retail business is not expected to impact the ...
Supplier of uniforms, UniFirst Corporation said its revenues climbed 6.8 per cent and net income 8.6 per cent; both from a year ago quarter for its fiscal 2015 first quarter ended November 29, 2014. First fiscal quarter of 2015 revenues ...
Tags: uniform, workwear programs, facility service programs, Apparel
Constellation Brands, a beverage alcohol company, reported its third quarter 2015 results. "We achieved outstanding results for the third quarter driven by the exceptional on-going momentum for our beer business. This industry leading ...
Privately held laser and photonics company Sheaumann Laser Inc of Marlborough, MA, USA has acquired Axcel Photonics Inc in a stock and cash transaction, effective from 1 January. Axcel is a multidisciplinary semiconductor laser ...
Tags: industrial, medical, military, Electrical
Posted in Medical Device Business by Nancy Crotti on January 8, 2015 The medical device tax is the issue that won’t go away. Elected officials and medical device companies began railing against Obamacare’s medical device tax ...
Tags: medical device tax, Health
According to CEPEA, cotton quotes have dropped significantly in the Brazilian market in 2014, especially after February and are lower than the government floor price since mid July. The CEPEA/ESALQ Index for cotton type 41-4 has dropped ...